10 Tips Every New Home Buyer Should Know

The biggest investment many of us will make is buying a house, and mistakes can be costly. To help weed through the home-buying jungle, we've gathered the knowledge and strategies every home buyer should know before beginning the hunt.

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By Stephanie Welch Alexander

Are your property taxes rolled into your monthly mortgage payment? Or will you be responsible for paying them yearly? Don't forget to keep paperwork for your annual federal or state income tax return — you can often deduct the property taxes, points and interest paid on a mortgage. Set up a consultation with a tax accountant to learn more about the restrictions on these types of deductions.

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